St. John’s Real Estate Average House Prices for February 2015
I normally do not track December and January real estate market statistics as I find they are a VERY inaccurate pulse of our current market. (as a snap shot in time) The St. John’s Real Estate Average House Prices for February 2015 are below and show a truer picture as we continue into the spring real estate market.
Total # of MLS Listings = 834
Total # of Sales [Feb] = 218
Number of Active Listings for Sale in Newfoundland = 4422
Numbers are based on both residential and commercial listings/sales
Here is a break down by area for February:
St. John’s: Listings = 138 Sales = 54
Sales/Listings Ratio = 39%
Average sale price for a home in St. John’s: $340,547 for the month of February and the 12 month average $343,510
Mount Pearl: Listings = 19 Sales = 8
Sales/Listings Ratio = 42%
Average Sale Price (12 month average): $291,109
Paradise: Listings = 37 Sales = 19
Sales/Listings Ratio = 44%
Average Sale Price (12 month average): $351,166
East Extern: Listings = 56 Sales = 10
Sales/Listings Ratio = 18%
Average Sale Price (12 month average): $402,048
Conception Bay South: Listings = 34 Sales = 9
Sales/Listings Ratio = 24%
Average Sale Price (12 month average): $304,778
For a free Market Assessment on your property please contact us. We would be more then happy to assist you and show you how to get top dollar in this changing St. John’s Market.
Sales are down a mere 2% so far in 2015. This accounts for 9 sales. The number of listings are down 9% year to date. We noticed an increase in sales in our office during the February month. Seeing that RE/MAX does approximately 40% of the business in the St. John’s Real Estate Market I expect a little pop in stats for the March month when the transactions close.